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Mornington vs Ulverstone — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $700kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Mornington

    TAS · 7018
    45Average
    Median
    $685k
    5y growth
    7.0%/yr
    BalancedStable but fully priced

  2. Ulverstone

    TAS · 7315
    42Below trend
    Median
    $495k
    5y growth
    7.0%/yr
    BalancedStable entry point

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Mornington
Ulverstone
Capital growth (5y)
weight 22%
707.0%/yr
707.0%/yr
Rental yield
weight 13%
522.6%
532.6%
Rental demand
weight 10%
681.3%
402.4%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
5614.0%
4812.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
22% under cap
2929% under cap
Supply tightening
weight 8%
75-5.0% YoY
500.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Mornington

    3/8
    • Rental demand
    • Income growth
    • Supply tightening

  2. Ulverstone

    2/8
    • Rental yield
    • Affordability

Why Mornington

Stable but fully priced

listings tightening 5.0% YoY, 7.0%/yr capital growth.

Drivers
  • Supply tightening-5.0% YoY
  • Capital growth7.0%/yr
  • Tight rentals1.3%
Risks
  • At top of budget (98% of cap)
  • No major construction project in this state

Construction ·Macquarie Point Stadium5.7 kmPlanned · 2029

Why Ulverstone

Stable entry point

7.0%/yr capital growth, 2.6% gross yield.

Drivers
  • Capital growth7.0%/yr
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus85.2 kmRecently completed · 2024